Transfer Authorization for Registered Investments

Transcription

1 2033IE 2013/08 Page 1 of 5 *indicates mandatory fields This form must be used for Registered Investments (RRSP, LIRA, LRSP, RRIF, LRIF, LIF, PRIF, Restricted LSP, Restricted LIF and TFSA) Handling Instructions For all Transfers 1. Obtain client s signature. For External transfers, affix a signature guarantee stamp on all printed copies. 2. Fax the branch copy of the signed 2033 form (attaching any applicable documentation) to Wholesale Brokerage Operations at Keep branch copy of the form (and copies of any applicable documentation) and file as usual. For External "in cash" transfers, in addition to the above steps, do the following: 1. Write "Original Sent Direct" at the top of the branch copy prior to faxing to Wholesale Brokerage Operations. 2. Mail External FI copy of form 2033 directly to the other Financial Institution (FI) (attach any applicable documentation). Branch Contact Information *Transit *Contact Name *Contact Address *Telephone No. Extension *Fax No. Rep Code (If applicable) Client Information *Last Name *First Name Initials Address City Province Postal Code *Social Insurance No. *Date of Birth (mmm/dd/yyyy) Home Telephone No. Business Telephone No. Extension Spousal Information (fields are mandatory only if applicable) *Last Name *First Name Spouse's Initials *Social Insurance No. Receiving Institution Information Receiving Institution: 161 Bay Street, 4th Floor, Toronto, Ontario M5J 2S8, FAX: CIBC Investor's Edge (IE) , Dealer Code: 9479 FINS No. CUIDS FEDWIRE DTC No EUROCLEAR No Registered Type: (Select one) Dealer Rep Code No RRSP Spousal RRSP LIRA/LRSP LRIF LIF PRIF Restricted LSP Restricted LIF RRIF Spousal RRIF TFSA T079 WGDB BK of NY C/WGI ABA# Group Plan No. (if applicable) *Plan/Account No.

2 Client Instructions to Delivering Institution 2033IE-2013/08 Page 2 of 5 External FI/ Imperial Investor Service (IIS) , Dealer Code: 9479 CIBC Investors Edge (IE) , Dealer Code: 9479 CIBC Wood Gundy , option 4, Dealer Code: 9280 CIBC, Fixed Term (CD) (Registered GICs and DISA) (TFSA GICs and Tax Advantage Savings Account) CIBC Personal Portfolio Services (CIBC Securities Inc.) CIBC Group Investment Services (Group RRSPs) CIBC Trust Corporation (CIBC Private Investment Counsel Inc.) CIBC Securities Inc. (SI Mutual Funds) Dealer Rep Code: 9319 Registered Type: RRSP Spousal RRSP LIRA/LRSP LRIF LIF PRIF Restricted LSP Restricted LIF RRIF Spousal RRIF TFSA *Delivering Institution Full Name and Line of Business (If External FI/) *Address *City *Province/State *Postal Code/Zip Group Plan No. (if applicable) *Planholder/Annuitant Account No. *Transfer Type: All in-kind (as is) Sell all Assets and transfer in-cash (All In-Cash) ++ All Assets but mixed in-cash and in-kind (as is) see list below or attached list Partial as listed below For use by Delivering Institution 1 *In-Cash 2 *In-Cash 3 *In-Cash Locked in Funds Governed by Pension Legislation *Plan Type LIRA/LRSP LIF LRIF Prescribed RRIF Restricted LSP Restricted LIF *Applicable Pension Legislation: Federal Pension Benefits Standards Act ("PBSA") Provincial (For transfers of New Brunswick locked-in plans, also complete form 7549 BIL NB) Original Pension Plan Name(s): (if available not mandatory)

3 Page 3 of 5 *Status of Annuitant: Former Pension Plan Member Spouse of a Former Pension Plan Member (Locked-in funds received as a death benefit) Former Spouse of a Former Pension Plan Member (Locked-in funds received as a division of property on relationship breakdown) Client Authorization To the Delivering and Receiving Institutions Please make the transfer described above. I have read the disclosure on the next page. To the Delivering Institution only I direct you to disclose to the Receiving Institution the information contained in this form and any other information necessary for the Receiving Institution to carry out this transfer request. Unless I am asking you to transfer only part of my account, please cancel any open orders (including good until cancelled orders), any pre-authorized contribution plans, and/or systematic withdrawal plans on my account. If I am directing you to make an in-cash transfer, I am directing you to sell or otherwise dispose of all or part of the account s investment(s), in accordance with my directions above. I am responsible for any fees, charges or adjustments associated with or resulting from the disposition. To the Receiving Institution only I understand that the length of time it takes to complete this transfer depends on the actions and requirements of the Delivering Institution and the accuracy and completeness of the information that I have provided. If I am transferring from my CIBC Mutual Fund account with existing Portfolio Rebalancing Service, I acknowledge that the rebalancing service will not apply to my investments within the account to which I am transferring. Date (mmm/dd/yyyy) X Signature of Planholder/Annuitant Information Required from Delivering Institution Registered Type: RRSP Spousal RRSP LIRA/LRSP LRIF LIF PRIF Restricted LSP Restricted LIF TFSA RRIF ( Qualified Non Qualified) Spousal RRIF ( Qualified Non Qualified) Spousal Plan Yes No If yes, you are required to fill in the following information. *Contributor's Last Name *Contributor's First Name Initals Social Insurance No. Locked in Funds Locked-in Amount $ Governing Legislation Note to Delivering Institution: CIBC agrees to administer the locked-in funds transferred under this form in accordance with the governing pension legislation indicated by you immediately above. 1. Funds transferred from a LIRA/LRSP/Restricted LSP If funds are being transferred from a LIRA/LRSP/Restricted LSP to a LIF/LRIF/Restricted LIF, please confirm whether the funds originated from a LIF/LRIF/Restricted LIF held by the annuitant during this calendar year. Yes No 2. Transfers to an LRIF Plan Origination Date (mmm/dd/yyyy) Plan inception Value $ a. For Newfoundland and Labrador LRIFs If funds are being transferred from a LIF, please specify the total income earned with in the LIF account in the final complete calendar year (i.e., not in the current calendar year). $

4 Page 4 of 5 3. Transfers between Alberta LIFs If funds are being transferred from one LIF to another LIF, please specify: a. the total amount that has been paid out to the annuitant in the current fiscal year $ and, b. the unpaid maximum amount remaining for the year in excess of the minimum $ and, c. the total income earned in the current fiscal year $ 4. Transfers to An Ontario "New" LIF If funds are being transferred from another LIF or LRIF, please specify the total investment earnings, including unrealized capital gains and losses earned within the LIF/LRIF account in the current fiscal year. $ Contact Name Telephone No. Fax No. Date (mmm/dd/yyyy) X Authorized Signature (Delivering Institution)

5 Page 5 of 5 Client Disclosure If you have any questions after reading this, please be sure to ask your CIBC or CIBC Wood Gundy advisor (as applicable) for clarification. What is the difference between In-Cash and In-Kind? In-Cash means that assets which are not currently in liquid form will be sold, redeemed, or otherwise disposed of and the net cash proceeds will be transferred to the Receiving Institution. It is important to note that if you have indicated an in-cash transfer or partial in-cash transfer, the sale/redemption/disposition will be executed at market, on a best efforts basis; normal commission charges will apply. To avoid delays, you might want to place the trades yourself with the delivering institution after signing this transfer form. In-Kind means that you want your plan transferred, as is, meaning that none of your existing investments will be disposed of. If you hold investment products and a cash balance, the investment products will be transferred as well as the cash balance in their current state. How long will my transfer take? The time required to completely transfer your plan will, for the most part, depend on the type of plan you are transferring and the investment products you hold. Please note that all your assets may not all be transferred at exactly the same time. Registered Plans Internal transfers between the CIBC group of companies typically take up to 5 business days to complete. Transfers from Investment Industry Regulatory Organization of Canada (IIROC) member firms may take up to 10 business days from the time the Delivering Institution receives the transfer request. Chartered banks have endeavoured to process transfers of deposit-type registered plans within a maximum of 7 business days normally and 12 business days during peak times (February 15 March 31) from the date the delivering bank receives complete and accurate documentation, or from the maturity date of the instrument (whichever is later), to the date when the delivering bank mails a cheque to the receiving bank. All other transfers may take up to 25 business days from the time the Delivering Institution receives a copy of this form. Please also note the following exceptions. Locked-In Plans These plans generally take longer to transfer, as additional documents are required in order to administer your transfer in accordance with pension legislation. It is important to ensure that the Receiving Institution opens a Locked-In plan for you that is under the same Provincial or Federal Pension Legislation as your current plan. Failure to do so may cause a delay in the transfer. Transfer to an Ontario New LIF In order to receive the maximum amount under the Ontario legislation, CIBC requires details about the investment earnings on the assets that have been transferred into your New LIF this year from you or the delivering institution prior to transferring to CIBC. This information should have been provided to you by the delivering institution as of the date of transfer. If this information is not provided to us before the end of this calendar year, we will be unable to include all of this year s earnings in the calculation of the maximum payment for the next calendar year. This could result in you receiving a lower maximum payment than you would otherwise be entitled to receive. Spousal Plans These types of plans may take longer to transfer if you do not ensure that the plan opened at the Receiving Institution is a SPOUSAL plan. RRIFs, LIFs, LRIFs, PRIFs and Restricted LIFs These transfers may take longer because the Delivering Institution is generally required to pay you the full RRIF Minimum Payment for the current year, before the transfer can be processed. Please ensure that there are sufficient funds in your plan to cover the minimum payment to avoid a delay. Types of Investment Products Mutual Funds Mutual funds may take longer to fully transfer. ++ Guaranteed Investment Certificates (GICs) & Term Deposits Generally, a GIC is not transferable In-Kind (as is). Most GICs must be transferred In-Cash upon their maturity, unless they are redeemable before maturity. There are exceptions; please check the terms and conditions with the Delivering Institution. Investment Products Many other investment products may be non-transferable, non-redeemable or subject to other delays. Some of these include mortgages, foreign securities and non-transferable bonds (minimum denomination requirements). How much will it cost to make a transfer? Administration Fees Most institutions charge a transfer-out fee; the fee varies. If your plan is self-directed, please note that all institutions charge selfdirected administration fees; fees vary. It is important to ensure that you have sufficient funds available in your plan with the Delivering Institution to cover transfer and administration fees, or the Delivering Institution may reject the transfer unprocessed, causing a lengthy delay. Rejected Transfers A transfer request may be rejected by the Delivering Institution for a number of reasons, such as insufficient funds to cover fees, locked-in confirmations required, account not in good standing (i.e. under margin, short position(s)), etc. If for any reason your transfer request is rejected by the Delivering Institution, they may return the transfer request to the Receiving Institution unprocessed. When the rejection has been rectified, the transfer process may begin again. 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